How much is this individual paying to park a trailer there?

Quote from @JooYung Choi: You could consider going for a STR in a vacation market that will give you way more cash flow to pay off the HELOC quicker.

Remember, if you sell it, you'll have capital gains that you will have to pay since you are buying the other property before you sell you're old house.

Electric heat can be very expensive in the winter so I would always encourage landlords to have tenants pay utilities so they have some incentive to conserve.

They’re “meaner” than me so they charge late fees (I get 1/2), file pay or quits, and increase rents faster and further than I would.

Going to guess the $797 is rent only, with tenant paying utilities.

For example, in my state PA there is an inheritance tax and many TAX auction properties originate from people passing away and the heir(s) not taking control over the estate and paying those property taxes.

You might be surprised, but your rental properties have more in common with dividend-paying stocks than you think!

If you pay off a property or owe more than it’s worth, you can still owe or not owe capital gains tax.

One year ago, I was hired to help a landlord whose tenant had stopped paying.